McDonald's To Rally Around 13%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several companies, including McDonald's, FirstService, ACI Worldwide, Philip Morris, Sherwin-Williams, S&P Global, Brinker International, Viper Energy, Zimmer Biomet, and SM Energy. Notably, McDonald's received a significant price target increase from Truist Securities.
October 15, 2024 | 3:56 pm
News sentiment analysis
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NEGATIVE IMPACT
UBS cut Philip Morris's price target from $105 to $103, maintaining a Sell rating.
The reduction in price target and maintained Sell rating indicate a negative outlook, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Evercore ISI Group raised Brinker International's price target from $69 to $90, maintaining an In-Line rating.
The price target increase is significant, but the In-Line rating suggests a neutral outlook, indicating limited short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Scotiabank raised FirstService's price target from $190 to $200, maintaining a Sector Perform rating.
The price target increase is modest and the Sector Perform rating suggests a neutral outlook, indicating limited short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Wells Fargo raised Sherwin-Williams's price target from $350 to $400, maintaining an Equal-Weight rating.
The price target increase is significant, but the Equal-Weight rating suggests a balanced outlook, indicating a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Oppenheimer cut Zimmer Biomet's price target from $145 to $135, maintaining an Outperform rating.
The reduction in price target is offset by the maintained Outperform rating, suggesting a balanced outlook and a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
DA Davidson increased ACI Worldwide's price target from $52 to $57, maintaining a Buy rating.
The increase in price target and maintained Buy rating suggest a positive outlook, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Truist Securities raised McDonald's price target from $295 to $350, maintaining a Buy rating. This suggests a potential rally for McDonald's stock.
The significant increase in the price target by Truist Securities, along with a maintained Buy rating, indicates strong confidence in McDonald's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
TD Cowen cut SM Energy's price target from $64 to $60, but upgraded the stock from Hold to Buy.
Despite the reduction in price target, the upgrade to Buy suggests a positive outlook, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
BMO Capital raised S&P Global's price target from $537 to $589, maintaining an Outperform rating.
The increase in price target and maintained Outperform rating suggest a positive outlook, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Piper Sandler raised Viper Energy's price target from $57 to $61, maintaining an Overweight rating.
The increase in price target and maintained Overweight rating suggest a positive outlook, likely leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70